---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004257"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:10:58.090171+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial CFO Karl Krebs to retire July 1; enters consulting agreement for transition

## Summary
- Karl F. Krebs retires as CFO and Treasurer of Chemung Financial and Chemung Canal Trust effective July 1, 2023.
- 3-month consulting agreement (July–Sept 2023) pays $15,000/month ($45,000 total) for transition support.
- Consultant will assist successor CFO, review monthly financials and board materials, up to 15 hours/week.
- Agreement includes non-compete and non-solicitation clauses; no successor CFO announced yet.

## SEC filing metadata
- accession: 0001171843-23-004257
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763563/000117184323004257/0001171843-23-004257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184323004257/f8k_062923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004257
- JSON: https://secwatch.observer/filing/0001171843-23-004257.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004257.txt

## Key facts
- Executive change
  Karl F. Krebs departed as Chief Financial Officer and Treasurer at CHEMUNG FINANCIAL CORP.
  - Action: retirement
  - Role: Chief Financial Officer and Treasurer
  source text: whose retirement as Chief Financial Officer and Treasurer of the Corporation, and Executive Vice President, Chief Financial Officer and Treasurer of the Bank will become effective as of July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184323004257/0001171843-23-004257-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.